Sterling
Fluctuations in the value of the British pound (GBP) can have wide-ranging effects on the UK hotel sector, from international visitor demand to supplier costs and investment flows. We report on market trends, currency forecasts, and the economic impact of sterling movements on pricing, profitability, and overseas travel patterns. Coverage also includes how hotel operators and investors adapt to currency volatility in their financial and strategic planning.
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Aug- 2016 -10 AugustEconomy
London occupancy continues to decline amid terrorism fears
Hotel occupancy in London showed its sixth consecutive quarter of year-on-year decline, with Brexit poised to subdue the sector further. The latest Hotel Bulletin for the second quarter of 2016, published this week by HVS, AlixPartners and AM:PM, found hotel occupancy in the capital – in common with other major…
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Jul- 2016 -27 JulyEconomy
British tourism industry to be ‘one of first’ to benefit from Brexit
The UK’s travel and tourism industry is expected to be one of the first sectors of the economy to benefit from Britain’s vote to leave the EU, according to insolvency firm Begbies Traynor. The company’s Red Flag Alert research for the second quarter of 2016, which monitors the financial health…
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Nov- 2015 -4 NovemberHotels
Revenues up 3% in Q3 for PPHE
PPHE Hotel Group has reported strong results in its quarter 3 (Q3) financial update as increased room rates helped to drive up revenue. The group, which recently announced the signing of a hotel management agreement for an Art’otel-branded property at London’s Battersea Power Station, reported a 9.7% increase in revenue…
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Mar- 2015 -9 MarchUncategorized
Hotel Buyer
Personalised toiletries were once the domain of the large chains and those with deep pockets and a large amount of storage. Hotel Buyer Store can now provide personalised toiletries in quantities as low as 200 units. It does not charge for printing or artwork and you can be in receipt…
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Oct- 2014 -30 OctoberHotels
Millennium & Copthorne Hotels announce upbeat Q3 results
Millennium & Copthorne Hotels has released its Q3 results with the company increasing its revenue and profit for the nine months to September 30. Reported revenue rose by 6.2% to £215.9m, compared with £203.3m in the same period last year. Operating profit increased by 12.2% to £49.5m. Revenue per available…
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Sep- 2014 -30 SeptemberHotels
The Langham, London to undergo £7.5m refurbishment
The Langham, London has announced plans for a £7.5 refurbishment creating three new areas, due to launch in time for the hotel’s 150th anniversary in 2015. The investment – the most extensive since 2009 when the 378-bedroom hotel was officially reopened after an £80m refurbishment – will include three new…
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Jul- 2014 -3 JulyTech Talk
Compliance expert urges hoteliers to address air-con certificates
Hotel and restaurant owners urgently need to have air conditioning certification in place according to compliance specialists, Inteb. Any air conditioning with an output of over 12kW must, by law, be regularly inspected by a trained energy assessor, so that certification can be produced to show that the operator of…
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Sep- 2012 -24 September
Rustington pub lands award
The Lamb Inn in Rustington scooped the ‘Pub & Restaurant Award’ for its contributions to the local community at the recent South & South East in Bloom contest. More than 300 people were in attendance at the ceremony, held at Ferneham Hall in Fareham, to see BBC TV gardener Chris…
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